About Oracol

Oracol XOR Coin Review: Mining Guide, Price & Analysis of Oracol XOR Cryptocurrency

The Oracol Xor platform aims to bring cryptocurrency technology to the grassroots level. The goal of the team behind the currency is to promote mass adoption globally. They believe all people can use technology even with little computer knowledge. Bitcoin and other altcoins have not yet received massive adoption from the public. Nonetheless, blockchain technology is the future of transparency. 

The prospects of cryptocurrency are endless. Global adoption is the only thing in the way. Oracol Xor seeks to solve this. The team is looking to disrupt the way we use cryptocurrency. The amount of Oracol Xor coins in circulation is 81,051,523. However, the ceiling for this digital currency is very high.

Their roadmap shows the possibility of penetrating new demographic territories. This would remove the middleman in many transactions all over the world. Blockchain technology allows you to perform transactions directly with another user. This eliminates the need for a centralized institution such as a bank.

How Does Oracol Xor Work?

The main goal of the Oracol Xor team is to stimulate the global adoption of cryptocurrency. They plan to do this by using several delivery channels. One of these channels is a proposed proprietary wireless phone payment system. This would enable millions and possibly billions of users to adopt the technology.

The team is working on this system as it stands. They plan to use the phone voice channel as a modem to convert voice to data and vice versa. This would then allow them to process payments in 2G or 3G without data connectivity.

Additionally, the team is seeking to implement POS solutions for ATM and Cards. This is by using Xor-denominated loadable cards. The roadmap shows the possible launching of the first Xor mobile payment system in 2021. Further, it shows the potential launching of the first Xor ATM in the same year. This shows the llong-termcommitment of the team to the project and its goals.

The company plans to get future funding from monetizing its side projects. These include their social platform, Oracol World, and global news platform, News.app. This, to them, is another incentive to promote and grow both platforms. It would establish a long-term mutually beneficial relationship.

Can Investors Mine Oracol Xor?

Yes, it is possible to mine the Oracol Xor coin. The company has set up a mining pool that anyone with mining capabilities can join. The website does not mention whether it is possible to mine as an individual. Even so, solo mining is slowly becoming unprofitable. Therefore, it makes more sense to join the mining pool.

The pool incurs a mining fee of 1%. This means that the Oracol Xor team retains 1% of the mining reward. Payment is issued every 30 minutes, and the minimum payment is 1Xor. The mining process is based on the scrypt algorithm. This means that the process depends more on the RAM than the computational power of the computer.

This makes it relatively easy to mine the Oracol Xor coins. The reward for a successful mining block is 6.25 Xor coins. Pool statistics indicate that there are online two active miners. The company also allows miners to rent some mining power. The block time for this currency is 30 seconds. The company also uses the Proof of Work model to compensate miners.

This is one of the easiest coins to mine. However, there don’t seem to be enough miners to meet their goals. The goal of the Oracol Xor team is to have global adoption of cryptocurrency. This cannot happen until there are enough coins in circulation.

The Team Behind Oracol Xor

The founder and CEO of the Oracol Xor platform is Adrian Florea. He has vast experience in real estate. However, he does not seem to have any experience in blockchain technology. Luckily the company has a Software and Informatics Engineer on board. Alvaro Perez, together with Valentin Kurci, handles the technical aspects of the project.

The team is dedicated to bringing cryptocurrency to the grassroots. They carry out continuous research and development to improve the cryptocurrency. However, the marketing team should do a better job of getting the public aware of the currency. Shehzad Khan is the manager of the marketing team.

As it stands, Oracol Xor remains relatively unknown to the majority. Public sensitization is crucial for this project to work. Before they roll out disruptive technology, the public has to be on board.

Privacy and Security

Oracol Xor coin is completely secure and transparent. The use of blockchain technology makes it a safe currency to transact. The system applies a consensus algorithm. This allows machines in the distributed network to coordinate in keeping the system secure.

Additionally, the system uses the immutability algorithm. This helps the network to prevent any altercation of transactions. The combination of these algorithms makes it almost to break the system.

Moreover, the network applies cryptography. This means that the network uses cryptographic hashing functions to block the private details of users. However, ledger records remain available to the public. The public manages the records and can view them at any time.

Notable Milestones

The company successfully launched the coin in 2017. Additionally, they deployed the Qt Wallet on GitHub. In 2018, they successfully built infrastructure. This included the mining pool, Android wallet, Blockchain Explorer and a Forum. In 2019, they secured listing and funding for the project. Funding was through private sales, ICO rounds and the Exchange listing.

Our Take on the Oracol Xor Coin

There is a lot of potential for the Oracol Xor coin. If successful, it would completely disrupt financial transactions. It would remove the middleman in all transactions. There would be no need for financial institutions such as banks.  Additionally, it would allow the public to have total control of their money.

However, for this project to succeed, the public needs to be well-sensitized. The team behind the currency needs to convince individuals to abandon their existing modes of payment. This is hard, especially with people who are not tech-savvy.

Advantages

• Transparent.
• Secure.
• Reliable.
• No middle-men.

Disadvantages

• The public could reject Oracol Xor coins.

Final Verdict

The mission of the team behind Oracol Xor is exciting. If successful, it would be disruptive. This currency would enable people to take control of their money. However, there are not enough miners involved. It would be hard to keep the project afloat without sufficient miners.

Moreover, the public has existing payment options. It would be hard to convince less tech-savvy individuals to onboard Oracol Xor. Still, this is one of the best cryptocurrencies in the market.